Form 4: Baker Hughes Executive Maria Borras Reports Share Acquisition and Disposal

Maria Borras, Chief Growth & Experience Officer at Baker Hughes Co, reports acquiring shares through performance share units and disposing of shares to cover tax obligations.

Summary

• Maria Borras, Chief Growth & Experience Officer of Baker Hughes Co, filed a Form 4 detailing changes in beneficial ownership.
• On March 10, 2025, she acquired 89,588 shares of Class A Common Stock related to performance share units (PSUs) granted in 2022 for the performance period ending December 31, 2024.
• These PSUs were approved by the Human Capital and Compensation Committee of the Board of Directors on March 10, 2025.
• Also on March 10, 2025, she disposed of 35,253 shares of Class A Common Stock at a price of $41.16.
• Following these transactions, Borras directly owns 170,978 shares of Class A Common Stock.
• The filing was signed by Fernando Contreras, Attorney-in-fact, on March 12, 2025.

Sentiment

Score: 6

Explanation: The document is a standard regulatory filing detailing stock transactions by an executive. It doesn't inherently convey positive or negative sentiment, but the vesting of PSUs suggests the company met certain performance goals.

Positives

• The acquisition of shares through PSUs indicates that performance targets were met, reflecting positively on the company's performance during the three-year performance period ending December 31, 2024.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates activity by a top executive at Baker Hughes, a major player in the energy technology sector.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the change in ownership by a company executive.
• The disposal of shares to cover tax obligations is a common practice and generally doesn't have a significant impact on the company's financial health.

Key Dates